APA Corporation (APA) to Issue Quarterly Dividend of $0.25 on August 21st

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 22nd will be given a dividend of 0.25 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 22nd.

APA has raised its dividend payment by an average of 0.2%annually over the last three years. APA has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Analysts expect APA to earn $3.06 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.7%.

APA Stock Performance

NASDAQ APA opened at $35.22 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 8.21 and a beta of 0.35. The company’s 50-day simple moving average is $35.71 and its two-hundred day simple moving average is $33.59. APA has a one year low of $17.86 and a one year high of $45.66.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.27. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.13 billion. APA had a net margin of 17.38% and a return on equity of 20.70%. APA’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. Equities analysts forecast that APA will post 5 EPS for the current fiscal year.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.